Berring Sales Uses FIFO

question 114

Multiple Choice

Berring Sales uses FIFO. The partially completed inventory record for January appears below. On 14 January, the company sold 10 units. On 29 January, the company sold 50 units. Complete the inventory record and calculate the Cost of sales for the month of January. (Please round to the nearest whole dollar.)

• A)$388
• B)$249
• C)$240
• D)$246

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